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Examveda

Accounts payable, accruals and notes payables are listed on balance sheet as

A. accrued liabilities

B. current liabilities

C. accumulated liabilities

D. non-current liabilities

Answer: Option B

Solution(By Examveda Team)

Accounts payable, accruals and notes payables are listed on balance sheet as current liabilities. Current liabilities are a company's debts or obligations that are due within one year or within a normal operating cycle.

This Question Belongs to Commerce >> Financial Management

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